First off what does being financially stable even mean?
To me it means being able to pay for the necessities (rent, food, transportation) while still having a nice cushion for a rainy day.
The thing is that my definition may be different than yours. What I think is financially stable may sound like I’m struggling to someone else. Maybe it means that you have money to go on spontaneous trips, be able to buy a new pony and a shiny Charizard while having zero debt and a nice, full savings account. It varies from person to person. What I want to know is, why don’t we ever talk about it?
It seems to be a very rare topic of conversation among people, not just Millennials but all generations. The only time I’ve really talked about it was with my parents asking me if I felt financially stable. I mostly just shrugged and said, “I’m good,” but not really going into detail.
Lately I’ve been wondering why we aren’t curious about this term. When it comes to money talk no one wants to raise their hand and share if they’re doing poorly, but also if they’re doing well. I was talking to my sisters about financial goals for 2016 and I couldn’t come up with an answer other than to maintain what I’m doing now, because I’m actually doing pretty well (aside from my contract just ending, but that’s a topic for another day). I felt like I had to come up with a problem because I was starting to feel awkward and embarrassed. In reality it should be the opposite.
Striving to be financially stable should be something that we celebrate openly. It should make us want to discuss with others how we can improve our financial situation. In the end, isn’t that what we all really want?
I’ve decided to issue you all a challenge! I want you to go and talk to one person about what being financially stable means to you. By sharing this you are opening yourself up the possibility of making it happen. You end up putting something positive out into the world and by saying it out loud you’re making your goal real. Instead of having those negative feelings about money, we can start working our way towards financial stability.
Start today and share in the comments what financial stability means to you and what you are doing to achieve your goal!
You got this!